Set Top Box Market To Reach USD 357.0 Million Units By 2028
San Francisco, 11 June 2021: The Report Set Top Box Market Size, Share & Trends Analysis Report By Product (IPTV, Satellite, Cable, DTT, OTT), By Content Quality (HD & Full HD, 4K & Above), By Region, And Segment Forecasts, 2021 - 2028 The global set top box market demand is expected to reach 357.0 million units by 2028, registering a CAGR of over 4% in terms of volume from 2021 to 2028, according to a new report by Grand View Research, Inc. Mandates regarding the digitization of TV broadcasting issued by various governments across developing countries worldwide and the growing preference for smart TVs among consumers are some of the critical factors that are expected to drive the market growth. The growing preference for High Definition (HD) channels and the popularizing trend among broadcasters to offer various value-added services, including subscription packages, are also poised to trigger the demand for set top box (STB) over the forecast period. The STB demand h